Is Kite Realty Group Trust (KRG) A Good Stock To Buy?

Due to the fact that Kite Realty Group Trust (NYSE:KRG) has encountered declining sentiment from the smart money, we can see that there was a specific group of hedgies that elected to cut their entire stakes heading into Q4. Intriguingly, Jacob Gottlieb’s Visium Asset Management sold off the biggest stake of all the hedgies monitored by Insider Monkey, totaling close to $1 million in stock. David Costen Haley’s fund, HBK Investments, also sold off its stock, about $0.7 million worth.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Kite Realty Group Trust (NYSE:KRG) but similarly valued. These stocks are Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD), AVX Corporation (NYSE:AVX), Amkor Technology, Inc. (NASDAQ:AMKR), and FS Investment Corporation (NYSE:FSIC). All of these stocks’ market caps are similar to KRG’s market cap.

As you can see these stocks had an average of 15.25 hedge funds with bullish positions and the average amount invested in these stocks was $194 million. That figure was $32 million in KRG’s case. Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) is the most popular stock in this table. On the other hand FS Investment Corporation (NYSE:FSIC) is the least popular one with only 3 bullish hedge fund positions. Kite Realty Group Trust (NYSE:KRG) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard IRWD might be a better candidate to consider taking a long position in.